Heritage Place Subdivision, Centennial CO - Real Estate Market Report

Heritage Place is a neighborhood in Centennial CO, about one mile west of I-25 and Arapahoe Road. It was built in the mid-1970's. Residents of the neighborhood benefit from high quality Cherry Creek Schools, as well as a location that is convenient to shopping, restaurants and several great parks.

A recent review of the neighborhood real estate statistics follows.

Sold Properties (2/9/09-8/9/09):

• All of the properties sold during the past 6 months were tri-levels, with the exception of 1 ranch
• Average days on market was 57
• Average net price per square foot was $150
• Over the past six and twelve month periods, the average sales pace in the neighborhood has been 1.3 homes per month (absorption rate)
• Over past 3 months, the selling pace is 2 per month: Activity has picked up

Under Contract Properties (as of 8/9/09):

• There are 4 homes under contract right now (1 tri-level and 3 two-stories), one is a short sale. The asking prices for these properties range from $260,000-$389,000
• The average days on market for these 4 under contract properties was 92
  

Homes Currently on the Market (as of 8/9/09):

• There are three Heritage Place homes for sale currently, with prices ranging from $299,900-$399,950
• Average list price per square foot (currently active properties) = $131
  
• With 3 homes on the market now, there is a 1.5 month supply at the current absorption rate

For more information about community amenities and events, the Homeowner's Association website is a great source. If you are thinking about selling your Heritage Place home, we would be happy to chat with you and provide a no-obligation home valuation. You can reach us via email, phone, text or live chat!